I’ve taken pictures of two spots, one looks like a little “bubble” of sorts on the front of the bag just above the outside pocket, I am not sure if that’s just the leather or if it’s a possible defect.

Classic red leather with brass hardware. This bag is fairly rare – Coach only produced this model in 1997. This particular bag was made in one of Coach’s US factories in November 1997. The bag is unlined with a zip closure, one outside pocket, and a 48″ non-adjustable tubular crossbody strap.